Supplier Risk Management
Last updated on MAY 24, 2017
Applies to:Oracle Fusion Supplier Model Cloud Service - Version 126.96.36.199.0 and later
Oracle Fusion Supplier Model - Version 188.8.131.52.0 and later
Information in this document applies to any platform.
There is a requirement for a solution to handle Purchase related risk in the system and the same should be available from Supplier Management.
These activities are done within Supplier Management.
The following points briefly illustrate the expectation.
1. Identify Risk and dependency
2. Evaluate Risk
- Define Dependencies
- Defined risk in the value chain (Cost,Availability,Quality, Sustainability)
- Combine dependencies and value chain risk
3. Mitigate risk and Plan contingency
- Plan Mitigation
- Consolidate Net Risks
- Critical Risk - Yes/No
- Plan Scenarios
- Plan Contingency
- Approve Risk Plan
- Approve Action Plan
4. Maintain Risk Results.
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